Establishing The Family Office: Purpose, Structure And Design
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May 27, 2024
Explore the world of family offices and learn how to effectively manage family wealth. Discover the essential purpose and structure behind establishing a family office. Shaun Parkin delves into the complexities involved, shedding light on governance, staffing, and investment strategies. The discussion emphasizes the importance of clarity in your financial goals and provides valuable insights into what works and what doesn’t in global family offices.
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Family Office Definition
A family office is fundamentally a structure, not a building or a firm.
It's designed to manage the assets of a single family, across generations.
volunteer_activism ADVICE
Starting a Family Office
Start a family office based on purpose, not solely on asset size.
Complexity and the need for streamlined management should drive the decision.
volunteer_activism ADVICE
Family Office Purpose
Define a clear purpose before establishing a family office.
Common purposes include stewardship, longevity, next-gen engagement, anonymity, and efficient investment structure.
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In Episode 1 of the Family Office Sherpa education series, Shaun Parkin introduces the idea of the Family Office and how you can establish a structure to manage your family wealth. Shaun covers the intricacies of purpose, design and what works (and doesn't work) for global family offices.
Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 001279458) of Hall Road Investments Pty Ltd (CAR No. 001279456) and is authorised to provide general advice to wholesale investors. Nothing in this podcast (Communication) constitutes an investment offering of any kind. This Communication is for informational purposes only. It does not constitute investment or financial advice. Before acting on any information contained in this Communication, each person should obtain independent taxation, financial and legal advice relating to this information and consider it carefully before making any decision or recommendation. Any views expressed in the Communication are those of the individual speaker only, unless expressly stated to be those of Hall Road Investments, or any of its related entities. Hall Road Investments does not accept liability in connection with the integrity of, or errors in, the Communication, computer virus, data corruption, interference or delay arising from or in respect of the Communication. The Communication remains the property of Hall Road Investments and is not for reproduction.
The Family Office Sherpa